About this episode
Don't just brace for a recession, prepare to come out stronger. This conversation is about turning Canada's economic uncertainty into an opportunity for financial growth (or, at least, stability). We'll equip you with proactive strategies for managing debt, finding new income streams, and building a mindset of resilience. Learn how to take decisive control of your financial future, no matter what the economy throws at you. (00:00) – Prediction: How We Knew a Recession Was Coming (02:30) – Rising Costs & Reduced Work Hours Impacting Households (04:00) – Forecast: Hitting Recession Thresholds by End of Summer (05:30) – Managing Money vs. Managing Debt: Good Times vs. Bad (07:45) – First Steps When You Feel Financial Pressure (11:00) – Side Hustles 101: Pros & Cons of Supplemental Income (14:00) – Leveraging Networks & Community Support (15:45) – How to Start (and Grow) an Emergency Fund (18:00) – Recession-Proofing Strategies for Homeowners (19:15) – Top Tips for Canadians in Debt as Recession Hits (27:00) – Building Mental Resilience & Setting Realistic Goals Reducing Tax Debt in Ontario Planning For Retirement When You Have Debt
